Description:
About the Company:
LEEBOY Inc., part of the FAYAT Group, is a global leader in the production of commercial asphalt pavers and road maintenance equipment. With more than 60 years of industry expertise, we deliver reliable, high-quality machinery that supports road construction professionals worldwide. We value integrity, innovation, and agility, and we recognize our employees as our most important asset. Our commitment to excellence continues to strengthen the trust placed in our products and our brand.
Employment Type: Full-time, Exempt Position
Summary
The Accounts Receivable & Payable Manager is responsible for leading and overseeing the company’s Accounts Payable, Invoicing/Billing and Collections functions within a manufacturing environment. This role ensures accurate, timely, and efficient processing of vendor payments, customer invoicing, and cash collections while maintaining strong internal controls and supporting the company’s working capital objectives. The ideal candidate will bring manufacturing industry experience, particularly in managing supplier payments for raw materials, inventory, and production-related costs, alongside effective credit and collections processes for industrial customers.
Key Responsibilities
Accounts Payable
-
Oversee the end-to-end AP process, including receipt, verification, three-way matching, and timely payment of vendor invoices.
-
Manage supplier relationships, resolve invoice discrepancies, and negotiate payment terms.
-
Ensure accurate recording of inventory-related purchases, freight, utilities, and capital expenditures.
-
Prepare and file 1099 forms and comply with sales/use tax requirements.
-
Monitor AP aging and cash flow impact.
Invoicing & Billing
-
Supervise the timely and accurate preparation of customer invoices for finished goods, shipments, and services.
-
Coordinate with Production, Shipping, and Sales teams to ensure proper billing based on shipment documents, contracts, and pricing agreements.
-
Manage complex billing scenarios including letters of credit and floorplan financing.
-
Ensure compliance with revenue recognition policies (ASC 606).
Collections Management
-
Lead collection activities to minimize Days Sales Outstanding (DSO) and bad debt exposure.
-
Analyze customer aging reports and proactively manage high-risk accounts.
-
Negotiate payment arrangements and collaborate with Sales on dispute resolution.
Team Leadership & Process Improvement
-
Directly supervise AP, Billing, and Collections staff (2 team members).
-
Provide training, performance evaluations, and professional development.
-
Drive process improvements and automation initiatives (e.g., ERP workflows, vendor portals, electronic payments).
-
Support month-end, quarter-end, and year-end closing processes.
-
Prepare regular reports on key metrics (DSO, AP aging, cash collections, processing efficiency) for senior management.
Additional Manufacturing-Specific Duties
-
Work closely with Purchasing, Inventory Control, and Cost Accounting teams on variance analysis and inventory costing accuracy.
-
Support audit requirements (internal, external, SOX if applicable) related to payables and receivables.
-
Ensure compliance with manufacturing-specific regulations and financial controls.
Requirements:
Qualifications & Requirements
Education & Experience:
-
Bachelor’s degree in accounting, Finance, or Business (required).
-
CPA, CMA, or MBA preferred.
-
6–10 years of progressive accounting experience, with at least 3 years in a supervisory role.
-
Strong manufacturing industry experience (highly preferred).
Technical Skills
-
Advanced proficiency in ERP systems (Epicor preferred).
-
Strong Excel skills and familiarity with financial reporting tools.
-
Experience with AP automation and document management systems.
Key Competencies
-
Excellent leadership and team management skills.
-
Strong analytical and problem-solving abilities.
-
High attention to detail with excellent organizational skills.
-
Ability to work cross-functionally with Operations, Sales, and Purchasing.
-
Solid understanding of GAAP and internal controls.
Physical & Other Requirements
-
Ability to work in a fast-paced office environment adjacent to manufacturing operations.
-
Occasional travel to other company locations may be required.
What We Offer
At LEEBOY, we offer competitive pay and a comprehensive benefits package including but not limited to medical, dental, vision, FSA/HSA, Life/AD&D, STD, LTD, 401K with company match, paid holidays and PTO, Employee Assistance Program, Tuition Assistance.
